JAL hopes alliance partners will buy stock: report

TokyoBureau

TOKYO (MarketWatch) -- Japan Airlines Co.'s honorary chairman Kazuo Inamori said he hopes the carrier's overseas alliance partners will buy a stake in the company when its shares are relisted as early as this autumn, the Nikkei reported in its Friday evening edition.

Inamori, who retired as chairman but has retained the title of chairman emeritus and sits on the company's board, said in an interview in Boston that the airline needs long-term shareholders to hold at least 10% of the company.

Inamori expressed his intention to ask JAL's alliance partners, such as American Airlines and British Airways, to hold a significant portion of that equity.

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